Technical analysis: . Nexus/Bitcoin is in a range bound and the beginning of uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 56.
Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (0.00009200 to 0.00008100). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00009200) Ending of entry zone (0.00008100)
Entry signal: Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing", "Hammer" or "Valley" in other words, NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone. To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons: Take Profits: TP1= @ 0.00011300 TP2= @ 0.00013350 TP3= @ 0.00015900 TP4= @ 0.00018300 TP5= @ 0.00022100 TP6= @ 0.00024600 TP7= @ 0.00036600 TP8= @ 0.00046300 TP9= @ 0.00055900 TP10= @ 0.00069700 TP11= @ 0.00087220 TP12= Free
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